Box-Office Hits Historic Low In The U.S.

Mar 23 • Buzz, HEADLINES • 340 Views • No Comments on Box-Office Hits Historic Low In The U.S.

The effects of the Coronavirus have already impacted Hollywood in a big way judging by the recent box-office yield in the United States. With most cinemas across the country shut down, the nation’s box-office yield only garnered a paltry USD300, 000 last week, which is a historic 20-year low.

In comparison, the total tally within the same time frame last year was USD10.7 million. In order to limit the damage caused by the shutdown, major studios have already taken several steps to ensure their films remain profitable and relevant for audiences.

Most of the recent big releases such as Bloodshot, Pixar’s Onward and Birds of Prey are immediately going unto video-on-demand platforms. Several big releases this year have already been postponed including No Time To Die, Mulan and Black Widow. The lucrative summer blockbuster season is also in doubt at the moment with some films still in a state of flux in terms of making their targeted release dates.

Currently still on target for its premiere are Wonder Woman 1984, Soul and Top Gun: Maverick, all of which are due out in June. But in the event the Coronavirus pandemic continues, these films may have to shift their release dates as well.

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